#BTC
The market is still hot - BTC and ETH are pushing into gamma and key liquidity areas.
Gamma and Liquidity
BTC is approaching $120,600, just 1.1% below a significant positive gamma wall at $122,000 - $123,000. These areas often slow down price momentum with market makers hedging. Below $116,000, gamma support is in play, meaning a break can accelerate selling. A $230 million liquidation range is between $121,200 - $121,600 and may require $500 million in volume within 15 minutes.
ETH Sentiment Impact
ETH, priced at $4,700 in a negative gamma range ($4,650 - $4,750), remains a sentiment driver. Steady gains and quick recoveries from dips can help maintain BTC's appetite for risk.
Times to Watch (UTC)
12:30-14:30: BTC near the $121.5K wall; ETH at a polar point of $4.7K
14:30-16:30: Contract roll volatility, funding rate shifts
